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People familiar with the matter: the regulatory crackdown on virtual currency trading hasn't changed a bit

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At one point, the price of bitcoin fell below $7,000

According to the news of BlockBeats from Shanghai news, a reporter from Shanghai daily on the 22nd learned from a person close to the office of the national Internet financial risk special regulation group (hereinafter referred to as the regulation office) that blockchain is not equal to virtual currency, and the attitude of the regulatory authorities against the hype of virtual currency and the trading venues of virtual currency has not changed at all.

At present, the regulatory authorities have been fully deployed, requiring all parts of the country to conduct a comprehensive investigation of the latest situation of virtual currency hyping activities with the help of the block chain, so as to timely deal with problems. In the next phase of work, regulators will step up efforts to clean up and regulate virtual currencies and trading venues.

As early as September 2017, the seventh department of the people's government issued a notice on preventing the financing risks of scrip issuance, making it clear that virtual currencies should be raised from investors, which is suspected of illegal issuance of scrip coupons, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid selling and other illegal criminal activities. The previous rectification work has achieved remarkable results.

However, recently, the popularity of blockchain has led to a resurgence of virtual currencies and some illegal activities. On the one hand, the prices of virtual currencies, including bitcoin, have soared, and there have been inappropriate comments like "the announcement on preventing the financing risk of token issuance is outdated". On the other hand, some institutions engage in illegal financial activities under the name of blockchain although they do not involve money.

In this regard, close to the renovation office stressed that the connotation of the block chain is very rich, not equal to virtual currency. At present, all the promotion activities of virtual currency under the banner of blockchain are illegal.

13 of this month, the central bank's official website also released a statement to clarify, is the so-called legal digital currency, as well as the individual institutions that are introduced using the people's bank "DC/EP" or "DCEP" behavior, which trade on the asset trading platform, may involve fraud and pyramid selling, the general public, please raise the risk consciousness, is not susceptible to trust, to prevent aggrieved.

For the virtual currency speculation "ghost", since the beginning of this year, the regulatory authorities have maintained a high - pressure strike posture, rectifying the disorder.

A set of authoritative data obtained by the reporter shows that since 2019, a total of 6 newly discovered virtual currency trading platforms in China have been closed, and 203 overseas virtual currency trading platforms have been disposed of by seven batches of technology. Close nearly 10,000 payment accounts through two large non-bank payment institutions; In terms of WeChat platform, close promotion and marketing small programs and public accounts close to 300.

And criminal methods are beginning to intervene. "As for the illegal and criminal activities in the name of virtual currency, the consensus of all sectors of society has been further deepened and the coordination and linkage has been further strengthened. Hangzhou and Beijing have successively" closed "the virtual currency exchanges, and more than 100 people have entered the prosecution process." The person said.

Looking ahead to the next phase, the heavy hitting will continue. People close to the rectification office said that the next step will be to strengthen the guidance of the block chain technical specifications, especially for the block chain under the banner of illegal actions, all departments will according to the division of duties to combat and clean up.

On the one hand, the preliminary regulatory authorities have issued a notice to all parts of the country, requiring them to be alert to the hype situation of virtual currency with the help of blockchain promotion and promotion, and to conduct a comprehensive investigation on the latest situation of virtual currency hype activities carried out by regions with the help of blockchain. If there are any problems, they should timely make early or small changes.

On November 18, the office of the inter-ministerial joint conference on illegal fund raising also sent letters to the provinces and cities to warn against illegal fund raising risks in the name of blockchain.

Reporters observed that recently around the positive action. After Shanghai issued a notice on November 14 on the elimination and manipulation of virtual currency trading places, requiring the completion of the inspection and rectification work before November 22, shenzhen also announced on November 21 the implementation of the elimination and rectification of virtual currency trading places.

On the other hand, the Internet finance association of China and the emergency response center conduct online search and arrangement, and timely deal with the newly discovered emerging virtual currency trading places and ICO activities in China, as well as the overseas virtual currency trading platforms. At the same time, the payment institutions are required to strengthen the inspection and clearing from the payment and settlement links.

These people said the next step is to focus on establishing a long-term mechanism to prevent the resurgence. At present, some regions have established a technical search and arrangement system, and some financial offices in some regions have established a real-time technical interface with the emergency center. The emergency center regularly searches and arranges websites with local problems to timely find and deal with them.